Calif. Man Pleads Guilty In $5.2M 'Rudy' Securities Scheme

Law360, Los Angeles (August 7, 2012, 6:53 PM EDT) -- A Southern California man on Tuesday admitted to bilking $5.2 million from investors by artificially inflating demand for stock in a sports drink company founded by the former University of Notre Dame football player who inspired the 1993 movie "Rudy."

Chad Peter Smanjak, 38, pled guilty this morning to one count of conspiring to commit securities fraud in a U.S. District Court in Santa Ana, Calif., the U.S. Department of Justice said. Smanjak defrauded investors who purchased stock for Rudy Nutrition, a sports drink company touted...
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